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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Penalty u/s 271(1)(c) -disallowance on account of loss on sale ...


No Penalty for Assessee u/s 271(1)(c) Due to Transparent Disclosure in Investment Sale Loss Case.

July 20, 2019

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) -disallowance on account of loss on sale of investment - assessee has not suppressed any facts or details at any stage of proceedings either before the Assessing Officer or at the Appellate stage - no penalty

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